doing business in myanmar – what you need to know as a singaporean
The ABC Group plans to increase the number of 24-hour convenience stores it operates across the country to 300 in two years. Small and medium enterprises will play a pivotal role in the expansion of ABC convenience stores, said officials.
“At present, SMEs are still struggling to grow in Myanmar. ABC convenience stores will allow SMEs to sell their products using special offers. Our retail business is expecting to expand the number of outlets to 300 in two years across the country. The operator will cooperate with SMEs. Some products from SMEs are of good quality, but the enterprises do not know how to penetrate the market. We will help SMEs develop,” said Mr. Syed from ABC Convenience.
Currently, ABC convenience stores are located in Yangon, Mandalay, Nay Pyi Taw, and other big towns. The food suppliers for ABC stores are based in Mawlamyine, Myingyan, Heho, Kyaukpadaung, and other cities. The food products are sold in line with the rules.
SMEs wishing to place their products in the stores are required to have an SME license and FDA certification. After obtaining an FDA certificate, the enterprises can tie up with ABC stores to sell products. The products can be sold under their logo or the ABC logo, according to ABC Convenience.
Source: Global New Light of Myanmar
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